Study On The Industrial Chain Layout Of China’s Photovoltaic Corporates

Since the GCL Group’s layout in the PV industry chain has been successful,the companies in the PV industry have followed the behavior of their products in the industry chain,but the incident of blindly following the bankruptcy has occurred.For China’s PV listed companies to succeed in the industrial chain layout,it is necessary to study the following issues: What are the characteristics of China’s PV listed companies in the industrial chain? How are different PV listed companies arranged? What factors will affect the layout of PV listed companies? What is the impact of different factors? In order to solve these problems,this paper mainly studies the factors affecting the layout of China’s PV listed companies in the industrial chain.In order to better study this problem,this paper first summarizes,combs and summarizes the domestic and international literature on photovoltaic industry chain and photovoltaic industry chain layout,and on this basis,determines the research framework and research methods of this paper;The characteristics of the industrial chain layout of PV listed companies were analyzed.Based on the literature research and the analysis of the characteristics of industrial chain layout,the influencing factors analysis model of the implementation of industrial chain layout of PV listed enterprises was constructed,and the industrial chain layout of China’s PV listed enterprises was implemented.The influencing factors were analyzed in multiple dimensions.Finally,two different multiple linear regression models were constructed from two perspectives of industrial chain horizontal and vertical layout to empirically analyze the influencing factors.The conclusions of this paper are as follows:(1)The characteristics of the industrial chain layout of PV listed companies:(1)Horizontal layout characteristics: The number of industrial chain links involved in listed companies is increasing every year,and enterprises generally tend to develop multiple links in the PV industry chain.(2)Vertical layout characteristics: Compared with other links,listed companies are more inclined to choose the middle reaches of the PV industry chain to enter the development,such as photovoltaic module integration,photovoltaic power generation and sales.(2)The vertical layout of PV listed companies in the industrial chain is mainly influenced by policies,and the policy factors are the dominant factors and positive.(3)The horizontal layout of PV listed companies in the industrial chain is mainly affected by the company’s own conditions.The influencing factors of the PV industry’s revenue share are the dominant factors and positive.